All posts made by bitleif in Bitcointalk.org's Wall Observer thread
1.
Post 2463777 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.04h):
I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.
Good luck in your fight against the windmills of the entire English language, and the futile attempt to appear smart in the process. Yeah that sounds like productive use of time.
Definitions cannot be right or wrong. Per definition.
2.
Post 3793461 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
Great fun, great fun. Wonder where it will bottom out?
EDIT: Also, China just broke 6000 to the downside.
3.
Post 3793524 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
Meh... Who was clever enough to sell @1200? Would have been great to buy the double of BTC back at 600
Sold some at around 1150, in several stages as it started looking more and more toppish.
4.
Post 3795262 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
We're still much much earlier than that. people vastly overestimate these things.
Why do people keep misinterpreting this graph as if it applied to the entirety of Bitcoin? It's just local for this bubble in particular. If you think it applies to Bitcoin as a whole then does that mean you think Bitcoin itself is a gigantic bubble?
5.
Post 3798842 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSza1gSMAzm1g50zm2g25zlI think this chart is pretty interesting, may signal that we're not done correcting yet. Someone smarter than me have any insights?
6.
Post 3798852 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
Back in the day I'd now have no coins and a load of fiat stuck in an exchange and be cursing my luck.
I resemble that remark.
7.
Post 3799074 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.
Interesting observation. I wonder if the long plateaus and then jumps at .1, 1, 10, 100 and 1000 are purely due to psychological factors with round numbers.
8.
Post 3804893 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.31h):
To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k.
Actually another interpretation of the chart I posted isn't bearish at all. We might not even be half way through this bubble before it pops, possibly landing about where we are now or higher. I guess bubbles are easy to spot but very, very hard to time.
9.
Post 3855088 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
Dammit Gox, we're trying to have a crash here. You're ruining it.
10.
Post 3855287 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
The loop is over. Market dropping.
More like flailing wildly.
11.
Post 3855360 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
Someone needs to make a Gox version of this.
http://www.youtube.com/watch?v=SP5c_MEs9mo
12.
Post 3863215 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
People will buy back when the price returns to a steady rise over the course of a few days.
No, the monstrous bull trap following a crash usually comes violently and suddenly. Then it crashes AGAIN and then we get a steady market.
13.
Post 3863260 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
I hate myself because I removed all my low bids in order to buy "cheap coins at 950"
life sucks ..
but the most disturbing is that gox has my fiat transfers pending all I need is to cancel them..
I feel fucked even more by this
Well, I am slightly disgruntled that being all fiat, I didn't place a 550 bid before I went to bed this night (I wanted to, but thought that the volatility was too high). And there you have it, could have added 40 BTC to my portfolio.
Oh, well, better luck next time. It's better not to dwell on "what ifs" in Bitcoin, or you'll go insane.
Just think about those $2 per BTC...
I had one at 500 and one very optimistic one at 400
. Buying back at ~650 isn't bad though.
14.
Post 3863279 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.33h):
Why has BTC/USD halved in price over the past 24hrs? What news have I missed?
That it was a bubble. They pop. No news is needed.
15.
Post 3864157 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
Gox at 809, anyone want to call the top on the current bull-trap?
16.
Post 3864306 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
Thats sad how easy they manipulate the Bitcoin price. This could be the begining of the end of BTC.
It sure is a bad thing for the BTC-economy
After the April crash this forum was filled with exactly these kind of comments.
17.
Post 3864524 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
So many bulls are going to get slaughtered
Bulls make money. Bears make money . Pigs get slaughtered.
Bulls in denial get slaughtered in bulltraps. Or maybe those are called pigs, what do I know. I'm just another sheep after all.
Sheep get a haircut
18.
Post 3865680 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.
Um, that's called a MARKET. Whenever you buy or sell you are manipulating the price. It's already decentralized in that there are multiple exchanges. I don't see how you think making a P2P exchange would change anything.
If you don't like the game of trading in a market, then don't.
19.
Post 3867235 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
Added to my gloat list. Started it a while ago, contains articles that are full of the smug "ha, you idiots, how could you ever think this would work" sentiment. Kind of like the quote by the then IBM chairman "'I think there is a world market for about five computers.".
I'm not only keeping this list updated to gloat when btc turns out to invalidate them, but more importantly, to know when these guys (and more importantly: publications) will start back pedaling, pretending "they always knew it would change the world".
I don't take this so hard. I'm not sure something like bitcoin even COULD grow without this kind of criticism. And if you study most disruptive tech in history I'm pretty sure you'll find the same thing. Heck I remember reading articles like this about the internet itself. I just think of this as par for the course now.
All disruptive technologies are paradigm shifts. Paradigm shifts means a lot of people won't understand it in the beginning - but they are irrelevant in the long run.
20.
Post 3869322 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
Looks to me like we're in a big (20 hour) triangle, which is about to reach its cusp. I'm guessing sideways for a short while still, then either hard up or hard down.
21.
Post 3869423 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_11.34h):
Looks to me like we're in a big (20 hour) triangle, which is about to reach its cusp. I'm guessing sideways for a short while still, then either hard up or hard down.
At least define "hard"
Use your imagination.
Wait, now it just sounds dirty doesn't it.
22.
Post 7077282 (copy this link) (by bitleif) (scraped on 2020-04-04_Sat_12.49h):
Time for this one again:
